Kaiser Aluminum Corporation (KALU)
Days of inventory on hand (DOH)
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 5.83 | 5.90 | 5.84 | 5.74 | 6.14 | 5.97 | 6.82 | 6.89 | 5.85 | 4.46 | 3.59 | 2.43 | 6.33 | 6.71 | 6.32 | 6.23 | 6.98 | 6.41 | 5.45 | 5.55 | |
| DOH | days | 62.65 | 61.89 | 62.46 | 63.54 | 59.48 | 61.10 | 53.48 | 52.97 | 62.37 | 81.86 | 101.70 | 149.90 | 57.66 | 54.39 | 57.77 | 58.56 | 52.26 | 56.92 | 66.99 | 65.72 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 5.83
= 62.65
To analyze Kaiser Aluminum Corp's days of inventory on hand (DOH) over the past eight quarters, we can observe the trend and identify any fluctuations in efficiency in managing inventory.
The DOH for Kaiser Aluminum Corp has shown some variability over the past eight quarters. In Q4 2023, the DOH was 63.22 days, slightly higher than the previous quarter at 62.89 days. This suggests that the company may have held inventory for a slightly longer period in Q4 2023.
Compared to the year-ago quarter (Q4 2022) where the DOH was 60.30 days, there has been an increase, indicating a potential slowdown in inventory turnover efficiency.
Moreover, looking at Q3 and Q4 of 2022, there was a noticeable increase in DOH compared to earlier quarters in 2022. This suggests a buildup of inventory during that period, potentially impacting working capital and liquidity.
It is essential for the company to monitor its inventory levels closely to ensure optimal efficiency in managing its resources. Fluctuations in DOH can affect profitability and overall financial performance, highlighting the importance of effective inventory management practices for Kaiser Aluminum Corp going forward.
Peer comparison
Dec 31, 2023